Research reveals the best cities in the word for technology

by Ray Clancy on May 16, 2017

With technology becoming more and more important in modern life a new report has revealed which cities around the world are the best for working in this fast growing sector.

Coming top as the world’s best city for technology workers is Austin in the United States, beating San Francisco into second place and with New York in third place.

(Milkos/Bigstock.com)

What these top tech cities have in common, according to the research from international real estate firm Savills, is a number of new start-ups and incubators, already a top choice for expanding global technology companies and a vibrant environment that is a magnet for talent.

The report points out that the US is home to many of the biggest and most innovative technology companies and American cities benefit from superior access to venture capital and funding that help scale-ups to grow.

London and Amsterdam are ranked fourth and fifth and are described as major business centres with good physical connections to the rest of the world. They are also regarded as vibrant cities with large university populations and are magnets for talent.

Toronto comes in sixth place, followed by Copenhagen, Boston, Berlin, Singapore, Stockholm, Dublin, Seattle, Melbourne, Tel Aviv, Seoul, Hong Kong and Tokyo.

At the bottom of the rankings are Santiago, Bengaluru, Buenos Aires and Cape Town. They are regarded as stand out tech cities in their regions and are now rising on a global stage. But their technology and business environments are less developed than their rivals, but on the plus side costs are low. The report points out that they are thriving regional urban centres and domestic talent is plentiful.

The analysis also takes into account commuting to work time and Austin comes out top with just 16 minutes. Whereas tech workers in Hong Kong and Bengaluru have the longest commutes to work at 46 and 47 minutes respectively.

When it comes to housing costs San Francisco is the most expensive tech city to rent a home at US$306.26 per week compared with just US$153.03 in Seoul.

‘Cities attract talent. With the margins between working and living increasingly blurred, young, educated employees want to live close to the office. It is vibrant urban neighbourhoods that they favour,’ the report says.

It reveals café culture as being an important part of a top tech city with workers wanting to be able to get a good cup of coffee in an environment with free WiFi as coffee shops are seen as a place for meetings, chance encounters and networking.

‘They epitomise the importance of human encounters and interaction and the generation and dispersal of ideas in the digital age. Consequently, coffee shops are important to everyone from the lone start-up entrepreneur through to the venture capitalist who is funding the industry,’ the report explains.

London tops the league for quality and quantity. Social media users score London’s breadth of independent cafés particularly highly. Berlin, well regarded for its kaffeekultur, is second and Melbourne is third. Santiago and Buenos Aires, cities that offer the ‘cortado’ equivalent, also score highly and the report says that vibrant, café and bar lined streets make these cities among South America’s most vibrant urban centres.

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